AEGON ASSET MANAGEMENT UK Plc Increases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 26.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,457 shares of the company’s stock after buying an additional 18,964 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.08% of Builders FirstSource worth $17,546,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in Builders FirstSource in the second quarter valued at $27,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth about $30,000. First Horizon Advisors Inc. lifted its holdings in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.7 %

NYSE:BLDR opened at $177.99 on Friday. The company has a market cap of $20.48 billion, a PE ratio of 17.38, a P/E/G ratio of 10.17 and a beta of 2.08. The business’s 50 day moving average is $184.79 and its two-hundred day moving average is $168.52. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a 52 week low of $120.80 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.24 EPS. On average, analysts predict that Builders FirstSource, Inc. will post 11.69 EPS for the current year.

Builders FirstSource declared that its board has approved a stock repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group began coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective for the company. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Robert W. Baird raised their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada upped their price objective on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus target price of $206.47.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.